EURUSD shorts Continue to break the support 1.1114
The pair opened with a downward gap today, after it became clear that Syriza (anti-European Party) won the elections in Greece. Last week the European Central Bank announced more than double the incentives to preliminary estimates, which led to a decrease in the European single currency, some forecasts are below $ 1 in the coming months.
In the coming hours will likely see a test of support at 1.1114, as the breakout will likely focus on the 1.1000 level.
RSI level 20 samples of 4-hour chart and the MACD is in the red zone, which supports sellers.
Varchev Finance
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.